Is Medina, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Medina has remained a Seller's Market.
Key Takeaway
Medina is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Medina, NY
How much do homes in Medina, NY cost?
Median Sold Price
$141,000
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Medina have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in Medina was $141,000 in April 2024, down 1.7% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $61K | $98.5K | +61.5% |
| 2 Bedrooms | $110K | $103K | -6.4% |
| 3 Bedrooms | $145K | $145K | 0.0% |
| 4 Bedrooms | $155.3K | $180K | +15.9% |
| 5+ Bedrooms | $153K | $77.5K | -49.3% |
Summary: Medina housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61.5%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes decreased by 49.3%.
Median Sold Price Compared To Nearby Cities
| Ridgeway | $138.5K | $140K | +1.1% |
| Medina | $143.5K | $141K | -1.7% |
Housing Supply in Medina, NY
How many homes are available in Medina, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 16 | -23.8% |
Summary: The Medina real estate market had 16 homes for sale in April 2024, a 23.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 12 | 7 | -41.7% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Medina housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 41.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Medina, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Medina in April 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Medina, NY
How long does it take to sell a home in Medina, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 46 Days | 39 Days | -15.1% |
Summary: Homes in Medina had an average of 39 days on market in Apr 2024, down by 15.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Medina are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Medina; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
